Search Results for: Swiss bank
Swiss National Bank published the Annual results for 2015
March 7th, 2016
The Swiss National Bank (SNB) is reporting a loss of CHF 23.3 billion for the year 2015 (2014: profit of CHF 38.3 billion). The loss on foreign currency positions amounted to CHF 19.9 billion. A valuation loss of CHF ...
Six Banks Negotiating Settlement in Swiss Libor Probe
January 25th, 2016
Swiss regulator: `We won’t go for a settlement at any price’ Settlement would resolve one of few remaining Libor probes At least six banks targeted in Switzerland’s investigation into Libor-rigging are in settlement talks with the country’s competition regulator, ...
Swiss National Bank expects annual loss of CHF 23 billion
January 11th, 2016
Ordinary profit distribution, thanks to large distribution reserve According to provisional calculations, the Swiss National Bank (SNB) will report a loss in the order of CHF 23 billion for the 2015 financial year. The loss on foreign currency positions ...
Swiss National Bank released: Monetary policy remains expansionary
December 10th, 2015
The Swiss National Bank has issued today a press release to inform in relation to its monetary policy assessment. Monetary policy remains expansionary The Swiss National Bank (SNB) is maintaining its expansionary monetary policy. The target range for the ...
Deutsche Bank’s Swiss Unit to Pay $31 Million in Tax Case
November 27th, 2015
U.S. has reached non-prosecution deals with 57 Swiss banks Firms have paid a total of $570.4 million in tax accords Deutsche Bank AG’s Swiss unit agreed to pay $31 million to receive a non-prosecution agreement in a U.S. probe ...
Black money probe: India seeks Swiss help in probe into Preneet Kaur, son’s bank accounts
November 24th, 2015
The Swiss tax department has made these disclosures in two separate notifications published today in the Switzerland government’s federal gazette. As Indian tax authorities continue their probe into Swiss bank accounts of several citizens, Switzerland on Tuesday said India ...
Swiss Investigate Seven Banks Over Precious Metals Market Trading
September 28th, 2015
Inquiry involves possible collusion between UBS, Julius Baer, Deutsche Bank, HSBC, Barclays, Morgan Stanley and Mitsui A Swiss regulator has opened an investigation into precious metals trading at a group of large banks, marking the latest in a line ...
The Swiss National Bank (SNB) is reporting a loss of CHF 50.1 billion for the first half of 2015
July 31st, 2015
The central bank of Switzwerland has issued a press release to inform for the Interim results The Swiss National Bank (SNB) is reporting a loss of CHF 50.1 billion for the first half of 2015. The loss on foreign currency ...
Swiss National Bank President Thomas Jordan confirmed on Monday that the central bank intervened in markets overnight
June 29th, 2015
Swiss Step Into Currency Market as Greece Adds to SNB’s Woes Greece’s decision to effectively call a public vote on its euro-area membership is one more blow for Switzerland, the country where overwhelming demand for its currency is pushing ...
Interim results of the Swiss National Bank as at 31 March 2015
April 30th, 2015
The Swiss National Bank (SNB) reports a loss of CHF 30.0 billion for the first quarter of 2015. The loss on foreign currency positions amounted to CHF 29.3 billion. A valuation loss of CHF 1.0 billion was recorded on ...
